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It’s an exclusive opportunity to build a luxury home on this 0. 54-acre lot. The driveway and septic easements are recorded, the blueprints and engineering are ready to start a new construction. This land is for sale by a local builder, owner of OMKAL Construction, and it’s suitable for one, two or three-story home up to 3, 300 s/f under air. You can choose OMKAL Construction, or you can purchase the lot and pick your own builder.
This property is right next to multimillion dollar homes and is second in line from the waters of Blackburn Bay. The beautiful Hammock Preserve, which is cleared and well maintained, is beside your backyard that gives you a feel of your own private park. Best school district with a walking distance to school bus stop or a 5-minute drive to Laurel Nokomis School (pre-K to 8th grade). The same bus stop is also used for Venice High School. It is located within the shopping centers; quick drive to the newly built Sarasota memorial Hospital; near the Nokomis beach and boat rentals at Gulph Harbor Marina; waterfront Restaurants and South Jetty Park. It is also a short drive to Laurel Park with access to Legacy Trail and 10 minutes away from Sarasota, which gives you a great option to work or enjoy the city and yet come back home to a peaceful place without any traffic. The vibrant charm of Downtown Venice is just a few minutes away.
This property located in a nice neighborhood where you can walk your dog, ride a bike, or simply enjoy the sunsets and fresh breeze from the Gulf of Mexico.
The front entry driveway can be widened twice the width at the time of construction by removing the pine trees and supporting poles.
It is a vacant lot and blueprints and pictures of a new construction shown are one of the possible choices of what can be built on this property.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,149 | $2,234 | $2,846 |
Total Monthly Payment | $2,224 | $2,309 | $2,921 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.